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The Dividend Cafe

The DC Today - Monday, August 7, 2023

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Dividend Growth Investing, Monetary Policy, Investing, Retirement Planning, Estate Planning, Business, Macro Economics, Wealth Management

4.9572 Ratings

🗓️ 7 August 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3Yoorda

Greetings from New York City (again). Lots of fun stuff today in my favorite DC Today of the week – the Monday edition (I love Mondays for so many reasons).

Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets.

0:15.3

Well, hello, welcome to the Monday edition of DC Today, my favorite day for DC Today. We're actually, I'm just going to

0:22.8

record here from my desk at my New York office rather than walk into the studio because we're already

0:28.3

running late. So we're going to do this down and dirty. But there's a lot of information there

0:33.5

today. And the written version at the DC Today.com will give you all the goodies.

0:41.5

In terms of the markets, we'll get that out of the way first.

0:44.6

The Dow was up over 400 points, about 1.1%.

0:48.7

The futures were up last night, about 50 points when I was on the plane coming into New York

0:55.3

and had gotten up as much as about 75.

1:00.2

Early, early this morning, they kind of were in that range, something between 50

1:04.7

and 100 points pre-market.

1:06.6

Then we opened up 200 and then it just sort of steadily went up throughout the day.

1:12.2

So you just, you know, I think have positive earnings environment, a lot of Goldilocks type data that is in that sort of not too hot, not too cold camp.

1:23.2

And market participants seem to be liking it.

1:26.2

Although today was, even though communication services

1:28.7

was the higher performing sector, the Dow substantially about doubled what the NASDAQ had done.

1:36.6

So it wasn't just on the junkier side of markets and financials did quite well today as well.

1:42.4

Only sector was down as utilities and they were flat on the day.

1:45.7

They were down two basis points.

1:48.1

So big risk on.

1:50.5

I want to give you, let's see, the 10-year bond was up three basis points today.

1:56.3

I think we're about 4.09%.

...

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